Aviation Sector

President Murmu also said that around 1.5 crore people have flown in planes under the government's regional air connectivity scheme UDAN.

Bank lending to aviation sector fell 58% in 2024 on fall in new plane orders

Despite the lower borrowing seen in 2024 and the liquidation of two airlines in 2024, most bankers Moneycontrol spoke to were confident in the growth of the aviation industry, especially the growth of the country's two largest airlines, IndiGo and Air India.

Ministries at work to thrash out aviation revamp with tax cuts, regulatory relaxations: Report

The civil aviation ministry is focusing on regulatory relaxations and route allocation, while the commerce ministry aims to align the package with India’s trade goals and attract foreign investment.

Emirates, Lufthansa, other foreign airlines hit with Rs 10,000-crore GST notices: Report

The notices, sent over the past three days, pertain to unpaid taxes on the import of services by Indian branches from their head offices

Indian Aviation industry needs more efficient measures to achieve its sustainability goals

India's CO2 emissions are set to ratchet up in the coming years as it will experience the most significant increase in energy demand through 2040. The government with the aviation industry and entrepreneurs need to collaborate closely to achieve its sustainable goals

Bank lending to aviation sector surges 65% as airlines borrow more to fund lease contracts, hirings

A senior Air India executive said the price of monthly aircraft leasing contracts has recently risen nearly 1.5-2% compared to 2022, which led to higher borrowing when taking delivery of aircraft for domestic airlines

Chart of the Day: Rising government thrust to propel aviation sector

Rising affordability, improving connectivity with smaller cities and airport expansion are expected to fuel passenger traffic

Dreaded JAS quarter over, what next for aviation sector?

Passenger numbers have seen a 5% drop in Q2Y24, sequentially. In such a situation, who will be the first one to drop fares and go after loads and not yields? It looks the focus will shift back to business travel.

Air India's refurbishment plan indicates less of economy, more of premium

The idea behind the change is that the airline wants to increase its revenue, keeping its operating costs more or less the same. That is possible only with a premium offering.

Scindia unveils UDAN 5.2, says aviation sector fleet size has expanded 75% since 2013

The UDAN 5.2 programme and the HeliSewa app were launched by the minister in Khajuraho in Madhya Pradesh while inaugurating the 5th Helicopter & Small Aircraft Summit (Heli Summit 2023) and three Flight Training Organizations (FTOs).

IndiGo-Airbus Deal: It's still early for global aviation sector to worry about too many planes

The worry among some longtime executives is that in their quest to get a place in the long supply queue, airlines are overordering. Boeing predicts that even after accounting for reduced flying demand from climate concerns and productivity improvements, the world will need 42,595 airplane deliveries between now and 2042, roughly doubling the existing fleet

Indian aviation takes baby steps to sustainability this World Environment Day

Airlines and airports in India are taking a range of measures to cut carbon emissions and reduce fuel wastage to help avert the effects of climate change.

'Common but differentiated responsibilities' should guide ICAO for net zero goal: India

In an official statement issued at the Global Implementation Support Symposium 2023, the secretary said the transition towards a lower carbon and Sustainable Aviation Fuels (SAF) will be fundamental to achieving the net zero target by 2050.

NCLT lists SpiceJet insolvency plea by aircraft lessor for hearing on May 25

On May 8, a two-member Principal bench of the NCLT headed by President Ramalingam Sudhakar issued the notice to SpiceJet and directed it to list the matter on May 17 for the next hearing.

Go First cancels all flights till May 12, DGCA directs airlines to process ticket refunds

Go First cancelled all flights until May 12 due to operational reasons. The Wadia group-owned carrier has filed a plea for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT) and the tribunal reserved its order on May 4.

For Indian aviation, best-ever April clears the runway for a bumper summer

However, airline companies in India continue to face headwinds in the form of high cost of fuel (due to Russia-Ukraine war), shortage of engines and crew, and dollar-denominated lease costs rising on falling rupee.

Domestic air traffic grows 21.4% in March, IndiGo widens market share

For the quarter ending March 31, the passenger traffic jumped by a massive 51.7 percent as compared to the previous year.

High passenger traffic, dip in oil prices continue driving aviation sector’s profitability

Dip in the number of weekly flights is likely to aid passenger load factor of the aviation sector amid a rise in traffic.

Menzies Aviation ties up with Wipro to 'transform' its air cargo management

The aviation company will use a new product, developed by Wipro, to "improve business efficiencies, employee experience, and customer service through increased automation".

IndiGo targets US market via codeshare agreement with Turkish Airlines

IndiGo and Turkish Airlines have jointly filed an application with US Department of Transportation, the nodal agency for such filing and approvals.

Aviation sector: Let’s tame this beast called slot hoarding

When slots are allotted to airlines and not used, they are blocked and hampers allocation to other carriers. The aviation ministry wants to change the guidelines to ensure that the ‘Use It or Lose It’ policy for slots is better implemented and measured sequentially.

You can take the airline back: SpiceJet's lawyer tells Kalanithi Maran's counsel in jest

The comments from SpiceJet's lawyers were made in jest in the Supreme Court on February 13, after the apex court ruled in favour of airline's former promoter Kalanithi Maran in a dispute between Ajay Singh and Maran.

IndiGo says Delhi top 'travel city' of 2022, shares busiest route and other highlights in annual report

A total of 7.8 crore passengers flew on IndiGo flights during the past year. This includes 76.4 lakh international travellers and 1.89 crore business travellers.